The Canberra Times has a report in which the ACT Minister for Housing, John Hargreaves, once and for all puts the kibosh on the insane dreams of the “community sector” to force real-estate developers to mandate a portion of their work as “low-rent” housing.
As Caroline Lemezina of the Housing Industry Association says “we don’t support mandatory zoning, as it would only increase the base price of housing and make it even less affordable,”
The ghoulish failed examples of attempts at rent control in other parts of the world seem to have been sufficient warning here.
One hopes the prospect of using their own good connections to secure this favoured form of housing wasn’t the motivation for the “community sector”.
Bringing prices down is a very simple matter of increasing supply. The Government’s been doing a lot of that lately and we can only hope they keep doing it.